Ally Financial Inc. (NYSE:ALLY) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 79.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,228 shares of the financial services provider’s stock after selling 40,062 shares during the quarter. International Assets Investment Management LLC’s holdings in Ally Financial were worth $3,570,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Ally Financial by 1.0% in the third quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock valued at $747,293,000 after purchasing an additional 290,842 shares in the last quarter. FMR LLC boosted its holdings in shares of Ally Financial by 47.1% in the 3rd quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock valued at $88,484,000 after buying an additional 1,061,651 shares in the last quarter. Northern Trust Corp grew its position in shares of Ally Financial by 34.2% in the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock valued at $83,309,000 after buying an additional 795,754 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in Ally Financial by 15.7% during the 4th quarter. AustralianSuper Pty Ltd now owns 2,610,685 shares of the financial services provider’s stock worth $91,165,000 after acquiring an additional 353,344 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Ally Financial by 5.3% in the third quarter. Legal & General Group Plc now owns 1,893,223 shares of the financial services provider’s stock valued at $50,511,000 after acquiring an additional 96,000 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ALLY has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a report on Thursday, February 1st. Morgan Stanley raised Ally Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $47.00 in a research report on Thursday, February 8th. TheStreet raised Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Compass Point lifted their target price on shares of Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company upped their price target on shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.47.

Ally Financial Stock Up 0.7 %

Ally Financial stock opened at $39.75 on Friday. The stock’s 50 day moving average price is $38.55 and its 200 day moving average price is $34.30. The company has a market cap of $12.08 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $41.56.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, sell-side analysts predict that Ally Financial Inc. will post 2.99 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.